Copeland Capital Management LLC increased its position in GFL Environmental Inc. (NYSE:GFL – Get Rating) by 0.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 635,257 shares of the company's stock after buying an additional 4,040 shares during the quarter. Copeland Capital Management LLC owned about 0.19% of GFL Environmental worth $16,390,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also made changes to their positions in GFL. Massachusetts Financial Services Co. MA raised its position in shares of GFL Environmental by 95.8% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,580,654 shares of the company's stock worth $181,594,000 after buying an additional 2,730,406 shares during the period. BlackRock Inc. raised its position in shares of GFL Environmental by 67.9% in the 1st quarter. BlackRock Inc. now owns 4,132,297 shares of the company's stock worth $134,465,000 after buying an additional 1,670,653 shares during the period. Adage Capital Partners GP L.L.C. raised its position in shares of GFL Environmental by 189.8% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 2,395,171 shares of the company's stock worth $90,657,000 after buying an additional 1,568,800 shares during the period. Goldman Sachs Group Inc. increased its holdings in GFL Environmental by 204.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,035,930 shares of the company's stock valued at $66,250,000 after purchasing an additional 1,366,424 shares in the last quarter. Finally, Samlyn Capital LLC increased its holdings in GFL Environmental by 53.1% in the 4th quarter. Samlyn Capital LLC now owns 3,391,006 shares of the company's stock valued at $128,350,000 after purchasing an additional 1,176,341 shares in the last quarter. 62.35% of the stock is owned by hedge funds and other institutional investors.
Get GFL Environmental alerts:GFL Environmental Trading Down 2.1 %
Shares of GFL Environmental stock traded down $0.55 during trading hours on Friday, hitting $26.20. 1,236,866 shares of the company's stock traded hands, compared to its average volume of 1,122,961. The stock has a 50 day simple moving average of $28.33 and a 200-day simple moving average of $28.96. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.47. GFL Environmental Inc. has a twelve month low of $24.00 and a twelve month high of $43.71.
GFL Environmental Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Monday, July 18th were paid a dividend of $0.012 per share. The ex-dividend date of this dividend was Friday, July 15th. This represents a $0.05 annualized dividend and a dividend yield of 0.18%. GFL Environmental's dividend payout ratio is presently -7.69%.Wall Street Analyst Weigh In
Separately, TD Securities increased their price target on GFL Environmental from C$53.00 to C$55.00 in a report on Tuesday, August 2nd. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, GFL Environmental has a consensus rating of "Buy" and an average target price of $48.00.
GFL Environmental Profile
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GFL Environmental Inc operates as a diversified environmental services company in Canada and the United States. The company offers non-hazardous solid waste management, infrastructure and soil remediation, and liquid waste management services. Its solid waste management business line includes the collection, transportation, transfer, recycling, and disposal of non-hazardous solid waste for municipal, residential, and commercial and industrial customers.
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